Nakilat celebrates steel cutting of 8 new LNG carriers

Qatar Gas Transport Company (Nakilat) marked a significant milestone with the steel cutting ceremony for eight of its new LNG carriers at Hanwha Ocean Shipyard in South Korea.    These vessels are part of Qatar’s historic LNG fleet expansion project,

Asheil to set up hitech lighting manufacturing facility in Saudi Arabia

Saudi-based Asheil Versatile Lighting Technologies (Asheil) has announced that it has secured prime land in Shaqraa Industrial City, located 180km northwest of capital Riyadh, for the establishment of its lighting manufacturing and technology hub.    The 6,

Positive energy, pragmatic actions needed to drive growth of AI: Al Jaber

Saudi NWC completes $123m Riyadh sanitation project

Saudi Arabia's National Water Company (NWC) has announced that its Central Cluster has completed a SAR460-million ($123 million) sewerage project as part of its strategic plans to enhance water and environmental infrastructure, improve operational efficiency, and support the urban and arc

AtkinsRéalis-Hitachi JV snaps up $1bn in EMEA turnkey projects

Linxon, a joint venture between premier engineering consulting company AtkinsRéalis and global technology leader Hitachi Energy, said it had secured $1 billion in new orders for the calendar year 2024.    Headquartered in Baden, Switzerland, Linxon i

Alpha Data completes Abu Dhabi Securities Exchange listing

The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, today (March 11) welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE.   Alpha Data’s IPO attract

Tecom shareholders approve $109m cash dividend for H2 2024

Tecom Group said its shareholders have approved the financial statements for FY 2024 as well as the recommendation by the board of directors to distribute a cash dividend of AED400 million ($109 million) - accounting for 8fils per share - for the second half of 2024.  

UAE cabinet approves National Investment Strategy 2031

The UAE cabinet at its key meeting yesterday (March 10) approved the National Investment Strategy for the next six years under which it aims to boost the annual foreign investment inflows from AED112 billion ($30.4 billion) in 2023 to AED240 billion (65 billion) by 2031.  

Presight unit inks $340m Adnoc AI deployment contract

Abu Dhabi-based Presight, a leading big data analytics company in the region powered by Artificial Intelligence (AI), has announced that its key unit AIQ has signed a landmark $340 million contract with Abu Dhabi National Oil Company (Adnoc) to deploy its key solutions across Adnoc’s up

PIF launches first Saudi-owned duty-free retailer

Saudi Arabia's sovereign wealth fund PIF has announced the establishment of Al Waha Duty-Free Company (Al Waha), a travel retailer and the first Saudi-owned duty-free operator.    Al Waha will develop luxury retail outlets in select locations across the